March still has 10 days left for officially to come to an end, but the month has already registered more home sales than November.
By Varun Singh
The Financial year of 2021-22 will end in 10 days from now.
Real estate industry has some good news to end this month of March.
The month of March which also is the financial year end; has seen more home sales getting registered than that of the entire November month.
Before we go to the figures of November and March let’s see how did the other months of this financial year perform.
Let’s start with April 2021, in the first month of FY-21-22 a total of 10,135 sales were registered generating ₹514 crore.
In May the impact of COVID 19 second wave was clearly visible where only 5,360 sales were registered generating only ₹268 crore.
June month saw a total of 7,856 home sales registration with a revenue generation for the stamp duty office worth ₹420 crore.
July was better, where 9,822 sales got registered the revenue generated was ₹566 crore.
August, September, and October saw 6,784, 7,804, and 8,576 sale registration while revenue generated was ₹420 crore, ₹529 crore, ₹550 crore respectively.
November saw a dip compared to October where 7,582 sales were registered in the month generating a revenue of ₹549 crore.
December month generated a revenue of ₹758 crore via 9,681 sales.
January saw 8,155 sales generating a revenue of ₹478 crore.
February till date has performed the best when it comes to sales registration in the entire FY 21-22. A total of 10,379 sales were registered in February generating a revenue of ₹614 crore.
November months had witnessed a total sale registration of 7,582 as mentioned above, in March while 10 days still left the city of Mumbai has already witnessed 7,585 home sales.
The revenue generation in March via these 7,585 home sales is ₹461 crore.
In the coming 10 days it is expected that the figure will cross February sales too.
The main reason behind this rush many say is the increase being reported in Stamp duty and ready reckoner. Stamp duty will increase because of the new cess coming in.
Hence, many homebuyers are rushing their sales registration so as to save their money.
Also Read: Romesh Sobti sold a flat for Rs 41.32 Cr which he had bought in 2020 for Rs 38.15 Cr
